QIWI plc (QIWI), a provider of payment services in Russia and the CIS, said Wednesday that it has closed its initial public offering of 12.5 million Class B Shares in the form of American Depositary Shares at a price of $17.00 per ADS.
The selling shareholders have granted the underwriters a 30-day option to purchase up to 1.875 million ADSs on the same terms and conditions. All of the ADSs were offered by selling shareholders. QIWI did not receive any proceeds from the offering.
QIWI's ADSs began trading on The NASDAQ Global Select Market under the symbol "QIWI" on May 3.
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